Rhino Resources hits pay in Namibia well

Namibia

WINDHOEK, July 2, 2026 – Rhino Resources has confirmed a connected oil-bearing reservoir at the Capricornus discovery offshore Namibia, advancing the appraisal of the field and providing further evidence of reservoir continuity across the accumulation, the company said on Tuesday.

The Capricornus-1A appraisal well was drilled on Block 2914 in the Orange Basin and intersected a gross reservoir interval of 46 metres. Preliminary analysis of downhole pressure data indicates the sandstone reservoir is in pressure communication with the Capricornus-1X discovery, while core, pressure and wireline data will be integrated with results from previous wells to support further appraisal and exploration.

“The Capricornus-1A well has delivered important information that advances our understanding of the morphology of the Capricornus reservoir system. Confirmation of pressure communication with Capricornus-1X provides evidence of reservoir continuity across the accumulation and increases our drilling confidence as we continue to advance the appraisal of the Capricornus discovery,” CEO Travis Smithard said.

Based in Cape Town, Rhino Resources is an independent E&P company with operations in South Africa and Namibia. In Namibia, it operates the offshore PEL 85 licence in the Orange Basin, while in South Africa, it is exploring for onshore biogenic gas, helium and native hydrogen.

Read our latest insights on:

• Namibia

Previous

Shell divests US Gulf assets for $1.7 billion

Next

Genel targets Egypt with Capricorn acquisition